News Column

KHC, PineBridge ME sign agreement

July 6, 2014

Kingdom Holding Company, or KHC, and PineBridge Investments Middle East have signed a memorandum of understanding to establish a joint venture platform to invest in direct private equity opportunities in Africa.

The MoU was signed by Dr Adel Alsayed, KHC's executive director for private equity and international investments, and Talal Al Zain, chief executive officer of PineBridge Investments Middle East. They will invest in African companies; key focuses include manufacturing, infrastructure, financial services and consumer-driven sectors, among many others.

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Source: Khaleej Times (United Arab Emirates)

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